• MolecularCactus1324@lemmy.world
    0·
    19 hours ago

    Still worth $800 billion. Toyota is worth $200 billion. Tesla sells a fraction of the cars as Toyota. Tesla is still so overvalued that it needs to lose $750 billion to approach being fairly valued, and that’s without accounting for the destruction of the brand.

  • Phoenixz@lemmy.ca
    0·
    19 hours ago

    Which just goes to show what a ginormous bubble Tesla always has been. It’s insane that such a tiny car company with so little vehicle models and so few vehicles run ing world wide, in comparison to other brands, is worth more than the top x car brands combined

    Goes to show how well a liar Elmo musk is

    Let it burn, it’s nazi garbage

  • Manticore@lemmy.nz
    0·
    21 hours ago

    It also gained a ton of market value before the election, when Musk’s relationship with Trump was announced.

    It’s ‘nice’ it’s lowering at all, but last I checked it was lowering to pre-announcememt levels, it’s just flattening out the surge. A return to normal of you will.

    Haven’t checked for a while so maybe now it actually IS lower than it was in July. But not by ad much as the post-inaugeration stats make it look.

    Tesla hasn’t lost that much value… yet.

  • madcaesar@lemmy.world
    0·
    2 days ago

    While I love this, can someone explain what exactly this means for a company? How exactly does this hurt them or their Nazi leader? If I’m worth 500 billion and lose 150 billion, how does my life change?

    • mosiacmango@lemm.ee
      0·
      2 days ago

      The mega wealthy use their stock as collateral for extremely low interest loans. They need 100 million dollars? They take out a 100 million dollar loan at 1%/yr interest and stake 100 million of stock as collateral.

      This way, they get 100 million to spend ans pay 1% as “tax,” not the 15% that capitol gains demands.

      The less value his stock holdings have, the less collateral he has, the less money he has, the less power he has.

      From a wider stance, severely gutting the wealth of a billionaire by organized class action is a loud and clear warning to other billionaires to pump the brakes on trying to restart the gilded age. Millions and millions of people working together can hurt them more than a tiny few of the ultra wealthy, ultra connected can help them. That’s the point.

      Make billionaires wary again.

      • obviouspornalt@lemmynsfw.com
        0·
        18 hours ago

        And if we’re really lucky, the value of TSLA will fall enough that he gets a margin call and is forced to sell shares to pay back the loans.

  • BmeBenji@lemm.ee
    0·
    3 days ago

    wow I’m surprised by how much hatred I hold for the fact that someone thought they needed to use AI to generate a photo of a billboard to post a thought they had instead of just tweeting the thought

    • Cethin@lemmy.zipEnglish
      0·
      18 hours ago

      Or just edit it in themselves. It’s a quick skew and you’re done. The AI couldn’t have saved them any time, especially since they probably needed to sort through all the failures.

  • Dave@lemmy.nz
    0·
    3 days ago

    Always in my mind is that this was part of the plan. If Tesla loses all this value then Musk can buy up the stock and take full control.

    Its worth considering when you see the S&P 500 falling, too. Maybe it’s all in the plan.

    • Cethin@lemmy.zipEnglish
      0·
      18 hours ago

      Yeah, that doesn’t really make sense. It also makes it easier for other people to buy, and a lot of his wealth is tied to their value. From a quick search, $117b of his $421b wealth is in Tesla stocks. So about 1/4 of his wealth is based on whatever Tesla stock value is at the moment. If it drops, he has a lot less to buy with, and some is already borrowed against. Basically his wealth drops at nearly the same rate Tesla value drops, while others may not have this issue. Those other people/groups are much more likely to buy out Tesla than Musk is in that situation.

    • mosiacmango@lemm.ee
      0·
      2 days ago

      He takes loans against his tesla stock to have money to spend at all. The 12 billion he raised for his share of twitter used Tesla stock as collateral. If im nkt mistaken, if tesla stock falla ankther 300 billion, those loand will get called and he will habe to liquidate a huge chunck of Tesla stock.

      Losing the value of the thing to get money is not a good way to use that thing to get more money to buy more of that thing.

      Elon won’t be able to buy more tesla. Somebody may buy more of Tesla to have control over Elon though.

    • TankovayaDiviziya@lemmy.world
      0·
      2 days ago

      We’d like to think that it is part of the plan, but it is reported that Musk is pissed at the tanking stocks. And if he isn’t rightfully pissed, Trump would not have tried to convince people to buy Tesla.

      I think there is no plan, but merely opportunity. You know what people say, don’t let a crisis go to waste. It is a rule of thumb for businesses and investors. The stocks go down, just buy thr dip.

      • I_Has_A_Hat@lemmy.world
        0·
        22 hours ago

        You don’t think those “reports” are simply to disillusion people into thinking someone they hate is secretly miserable? Just seems like a pathetic coping mechanism to me.

    • I_Has_A_Hat@lemmy.world
      0·
      2 days ago

      Yep, and honestly why wouldn’t I think that? Practically everywhere on Earth for the past decade has been nothing but the worst people imaginable getting exactly what they want. Why would this time be any different?

    • takeda@lemm.ee
      0·
      3 days ago

      I hope he does that.

      The value dropped because of him, so likely would drop even faster.

        • takeda@lemm.ee
          0·
          2 days ago

          If he does that it no longer will be a publicly traded stock though. Look at Twitter, the stock is gone the moment he purchased it.